Ulta Beauty Inc. $ULTA is Zuckerman Investment Group LLC's 3rd Largest Position

Key Points

• Zuckerman Investment Group LLC holds $40.01 million in Ulta Beauty Inc., representing approximately 4.3% of its total portfolio after a slight reduction of 1.0% in shares.
• Several analysts have upgraded their price targets for Ulta Beauty, with Oppenheimer raising it to $600 and Wells Fargo increasing it to $400, reflecting a generally positive sentiment on the stock.
• Ulta Beauty reported $6.70 earnings per share for the last quarter, exceeding estimates, and aims for fiscal year 2025 earnings between $22.650 and $23.200 EPS.

Zuckerman Investment Group LLC lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,160 shares of the specialty retailer's stock after selling 1,051 shares during the quarter. Ulta Beauty makes up approximately 4.3% of Zuckerman Investment Group LLC's portfolio, making the stock its 3rd biggest position. Zuckerman Investment Group LLC owned about 0.24% of Ulta Beauty worth $40,012,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ULTA. American National Bank & Trust purchased a new stake in shares of Ulta Beauty during the first quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty during the first quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its stake in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 40 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Ulta Beauty during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Down 7.1%

Ulta Beauty stock traded down $37.90 on Friday, hitting $492.73. 2,938,427 shares of the stock traded hands, compared to its average volume of 676,046. The firm has a market cap of $22.15 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 3.19 and a beta of 1.12. The business's fifty day simple moving average is $498.99 and its 200 day simple moving average is $426.76. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $538.59.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.31%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $5.30 earnings per share. As a group, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen raised Ulta Beauty from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. UBS Group increased their price objective on Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a research note on Friday. Canaccord Genuity Group set a $650.00 price objective on Ulta Beauty in a research note on Friday. Citigroup upped their target price on Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Cowen restated a "hold" rating on shares of Ulta Beauty in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and an average price target of $534.75.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.